‘Buy and hold doesn’t work any more’: Sean Peche of Ranmore

Ranmore Global Equity (IE00B61ZVB30) is a value fund that has grown very quickly over the past 18 months. In June 2024, it had a $300mn portfolio, but by January 2026 this had hit $1.5bn. The fund’s manager, Sean Peche, talks to Val Cipriani about how he finds underappreciated and undervalued stocks, why he doesn’t meet company CEOs, and why buying and holding ‘forever’, a strategy favoured by star managers Terry Smith and Nick Train, no longer works in today’s rapidly changing world. Timestamps 00:00: Intro 03:17: Three ways to get returns in markets and from companies 07:05: Value investing 08:31: Why I don’t meet CEOs 10:57: ‘Buy and hold forever’ doesn’t work in a rapidy changing world 15:22: A ‘fresh sheet approach’ and Qualcomm 17:40: The Magnificent Seven 19:21: Investors are starting to turn away from the US 23:09: Alternatives to the US 24:35: Terry Smith and passives 26:15: Greggs 29:01: Diageo 31:31: EasyJet Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Investors' Chronicle is a service by the Financial Times . Hosted on Acast. See acast.com/privacy for more information.

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‘Buy and hold doesn’t work any more’: Sean Peche of Ranmore is an episode from Investors Chronicle by Investors' Chronicle.

This episode is 40:44 long.

This episode was published on Mar 3, 2026.

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